Insulated Warehouse
For Sale
$70,000
12771 N 825 E Rd, Syracuse, IN 46567
A secured warehouse unit with powered overhead access, dedicated electrical service, and finished interior wall surfaces.
Property Size960 SF
Price / SF$72.92
Days on Market14
Property Features for 12771 N 825 E Rd
General Information
Standard status
Active
Size
960 SF
Additional Details
Fenced Yard
Yes
Power
100 amps
Amenities
security fence with electric gate opener
Building Details
Year Built
2025
Listing Agency:
Keller Williams Realty Group
(574) 528-0537
Listed By:
Rex Heil · License #RB14040080
Source:
Theferrellgroupkw
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 25 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This 960-square-foot warehouse unit measures 24 X 40 and was built in 2025. The space includes a 14-foot overhead door with opener, a 36-inch passage door, 100-amp service, interior overhead lighting, and walls finished with OSB board. Exterior wall insulation adds to the building’s physical specifications.
The property is enclosed by a security fence with an electric gate opener, providing controlled access to the area. The unit combines functional loading access, dedicated utility service, and a finished interior within a secured warehouse setting.
The property is enclosed by a security fence with an electric gate opener, providing controlled access to the area. The unit combines functional loading access, dedicated utility service, and a finished interior within a secured warehouse setting.
Key Highlights
- 960‑square‑foot warehouse unit measuring 24 X 40
- 14‑foot overhead door with garage door opener
- 36'' passage door and 100 AMP service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$4,602
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$92,040
$92.0K
Cap Rate 7%
$65,743
$65.7K
Cap Rate 9%
$51,133
$51.1K
Market Conditions
NOI Build-Up for 960 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$5.8K $6.00/SF
− Vacancy
−$346 −$0.36/SF
EGI
$5.4K $5.64/SF
− OpEx
−$812 −$0.85/SF
NOI
$4.6K $4.79/SF
Area
Kosciusko County, IN
Vacancy
6.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$92,040
Cap Rate 7%
$65,743
Cap Rate 9%
$51,133
Alternative Uses
Best Use
Warehouse
$65.7K
$57.5K – $76.7K
NOI $4,602 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$167.2K
$146.3K – $195.1K
NOI $11,707 @ 7.0% cap · market cap 16.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46567, IN
9,773
Population
5,849
Households
1.7
Avg Household Size
44
Median Age
25%
College-Educated
90%
High-School Grad
57.3 sq mi
ZIP Area
171
Density / Sq Mi
$73,277
Median Household Income
$46,327
Median Earnings
$964
Median Rent
$228,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Protech Marine Inc — 12734 N Bishop Rd, Syracuse, IN 46567
- Red Barn Self-Storage — 8211 E 1290 N, Syracuse, IN 46567
Frequently Asked Questions
What type of property is this?
Warehouse - A secured warehouse unit with powered overhead access, dedicated electrical service, and finished interior wall surfaces.
Where is this warehouse located?
The property is located at 12771 N 825 E Rd Syracuse, IN.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: 960‑square‑foot warehouse unit measuring 24 X 40; 14‑foot overhead door with garage door opener; 36'' passage door and 100 AMP service
